February 26, 2020 / 9:40 PM / 4 months ago

Marriott quarterly profit falls 12%

Feb 26 (Reuters) - Hotel operator Marriott International Inc posted a 12% fall in quarterly profit on Wednesday partly hit by higher costs, and said the coronavirus outbreak had mainly affected its Asia Pacific region.

Net income fell to $279 million, or 85 cents per share, in the fourth quarter ended Dec. 31, from $317 million, or 92 cents per share, a year earlier.

Revenue rose to $5.37 billion from $5.29 billion. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber)

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